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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 11/09/2009 : 22:27:51
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| Don't buy too much physical gold or you will have storage and transportation problems... ya like that is soon going to be a big problem for me. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 11/10/2009 : 08:11:04
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Even with $1,000,000 of GOLD at $1100/troy ounce, that is just 909 troy ounces of metal. Now 80 pounds of GOLD really isn't too much weight when you compare it to comparables in SILVER or COPPER is it? I guess if you had a $1,000,000,000 of GOLD that might be a problem.
There are other ways to get investment exposure to oil. ETFs such as DBO, DBE, DBC, USO and others that actively manage oil futures. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 11/10/2009 08:22:58 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 11/10/2009 : 09:11:18
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"But don’t go overboard or else you’ll find yourself with transport and storage issues."
What? Storage issues? Didn't the article just state that ALL the gold ever mined could fit into a cube measuring only 62.3 feet on each side.
Also, what Country said, 1 million is 80 lbs. If you do wind up with 1 Billion in gold and have 80,000 lbs to deal with, I think that you will have enough money to figure something out. |
You don't have to be the BEST you just have to be.......SLICK
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/10/2009 : 09:41:54
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| I am suprised he did not recommend silver. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 11/10/2009 : 22:34:02
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Hey, I never said the guy is perfect.  But uncommon wisdom does have some good tips and write-ups from time to time. I don't take as gospel everything that any newsletter writer promotes. Just happened to like his analysis on gold and thought I'd share it.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Two Must-Own Investments
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Now if we could just get others to jump in 
